Plastic Pigment Market Size to Worth $21.8 Billion by 2032 | CAGR: 6.9%: AMR
Wilmington, Delaware , May 07, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Plastic Pigment Market by Type (Organic and Inorganic), and Application (Packaging, Consumer Goods, Building and Construction, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the plastic pigment market was valued at $11.2 billion in 2022 and is estimated to reach $21.8 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
Prime determinants of growth
The global plastic pigments market is positioned for substantial growth owing to increase in demand for vibrant colors and enhanced aesthetics across consumer goods and packaging. Moreover, the escalating demand for plastic pigments in pivotal end-use sectors such as automotive, construction, electronics, and consumer goods propel market expansion. However, stringent regulations concerning volatile organic compound (VOC) emissions are restraining market growth. Contrarily, advancements in plastic pigment formulations present a lucrative growth opportunity for the market.
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Report coverage & details:
Report Coverage | Details |
Forecast Period | 2023–2032 |
Base Year | 2022 |
Market Size in 2022 | $11.2 Billion |
Market Size in 2032 | $21.8 Billion |